Cameco (TSE:CCO) Price Target Cut to C$90.00 by Analysts at TD Securities

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective decreased by TD Securities from C$91.00 to C$90.00 in a research note released on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on CCO. Eight Capital lifted their price objective on shares of Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Raymond James lifted their price objective on shares of Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd. National Bankshares lifted their price objective on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Royal Bank of Canada boosted their price target on shares of Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Finally, BMO Capital Markets boosted their price target on shares of Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Six investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$85.30.

Cameco Trading Down 6.1 %

TSE:CCO opened at C$61.87 on Friday. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The stock has a market capitalization of C$27.23 billion, a price-to-earnings ratio of 233.76, a PEG ratio of 2.22 and a beta of 0.90. The firm has a fifty day simple moving average of C$73.19 and a two-hundred day simple moving average of C$69.10. Cameco has a 12 month low of C$48.71 and a 12 month high of C$88.18.

Insiders Place Their Bets

In other news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total value of C$4,283,000.00. Also, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$81.17, for a total transaction of C$121,755.00. Insiders own 0.15% of the company’s stock.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.